As previously reported, Fox Advisors analyst Steven Fox upgraded Uber (UBER) to Outperform from Equal-Weight with a $95 price target The firm thinks a heavier rate of investment over the past year is “poised to more consistently contribute to profit growth,” says the analyst. Uber may have just “topped off” by expanding into hotel bookings, acquiring parking marketplace Spot Hero and taking other strategic actions to “position its rideshare platform for a hybrid autonomous rideshare future,” the analyst added.
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